Property Type: Land / LotOwnership: Freehold

706 Fernhill Rd

Mayne Island, BC V0N2J1

$385,000

0 bed0 bath4 parking
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Property Details

Property & Lot

Lot size
1.9 acres
Zoning
Residential

SR

Ownership & Fees

Property type
Land / Lot
Ownership
Freehold
Annual property tax
$1,498.27

Interior

Fireplace
None

Parking

Total spaces
4

Listing Information

MLS®
999880
Listed
May 31, 2025
Time on market
On the market for 457 days
Data last synced
August 28, 2026

Listing provided by: RE/MAX Mayne-Pender · Data source: CREA DDF.

Description

Discover this 1.90-acre piece of bare land, offering a perfect blank canvas for your dream home or getaway retreat. This property features a convenient driveway to the top, a drilled well, and is embraced by a canopy of mature trees that offer privacy and natural beauty. Located just minutes from beaches, parks, and shops, this lot combines nature's serenity with convenience. Whether you're seeking solitude or a scenic spot to build, this land presents endless possibilities for creating your ideal sanctuary. Zoning allows for a house and a 1001 sq ft cottage. Hydro at the road, and a septic will be required. Come Feel the Magic! (id:63159)

Location Insights

Weather

Nearest station: Gulf Islands (Southern)

16°C

Humidity 76%

Wind SSW 12 km/h

Tonight

13°

Tuesday

19°

Tuesday night

14°

Wednesday

17°

Wednesday night

12°

Thursday

17°

Source: Environment and Climate Change Canada.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

7

1/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Mayne Island SchoolElementary1.8 km
Galiano Community SchoolElementary7.2 km
Saturna Island Elementary SecondaryK-128.5 km
Pender Islands Elem-SecondaryElementary/Middle8.9 km
Salt Spring ElementaryElementary18.0 km
Gulf Islands SecondarySecondary18.3 km
Phoenix PlaceSecondary18.4 km
Fernwood ElementaryElementary21.7 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (2)

  • The Bennett Bay Bistro · 494 Arbutus Drive436 m
  • The Brickworks Restaurant and Lounge491 m

Nearby places data: © OpenStreetMap contributors.

School district: Gulf Islands (SD64)

Mortgage & Ownership Cost Calculator

Minimum required: 5.0% ($19,250) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$308,000.00
Periodic payment — Principal & Interest (monthly)$1,987.11
Additional monthly expenses (strata, tax, utilities, etc.)$124.86
Total monthly cost$2,111.97
Interest paid over 5-yr term$88,273.69
Balance at end of term$277,047.00

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$19,250
Stress test qualifying rate8.09%
Payment you must qualify for$2,812.49

Cash Needed at Closing

Minimum down payment$19,250
Estimated BC PTT$5,700
Legal / closing costs (typical estimate)$1,500
Total cash needed$26,450

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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